Regentatlantic Capital LLC lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 558,988 shares of the cable giant’s stock after selling 2,439 shares during the period. Comcast comprises 1.5% of Regentatlantic Capital LLC’s holdings, making the stock its 9th largest holding. Regentatlantic Capital LLC’s holdings in Comcast were worth $19,794,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in CMCSA. WP Advisors LLC bought a new position in Comcast during the second quarter worth $105,000. Prentiss Smith & Co. Inc. grew its holdings in Comcast by 229.5% in the second quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock worth $108,000 after purchasing an additional 2,295 shares during the period. IMA Wealth Inc. acquired a new stake in Comcast in the second quarter worth $108,000. Acropolis Investment Management LLC acquired a new stake in Comcast in the third quarter worth $126,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Comcast in the second quarter worth $129,000. 80.43% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ CMCSA opened at $37.66 on Friday. The stock has a market cap of $177.14 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92. Comcast Co. has a 1 year low of $30.43 and a 1 year high of $44.00. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 25th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $22.14 billion during the quarter, compared to analysts’ expectations of $21.75 billion. Comcast had a net margin of 27.33% and a return on equity of 15.79%. As a group, research analysts anticipate that Comcast Co. will post 2.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Monday, December 31st. Comcast’s payout ratio is currently 36.89%.
In related news, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the transaction, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at $2,648,369.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $35.94, for a total transaction of $38,887.08. Following the transaction, the executive vice president now directly owns 62,476 shares in the company, valued at $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is owned by company insiders.
A number of equities research analysts have commented on the stock. Pivotal Research restated a “buy” rating on shares of Comcast in a report on Friday, August 10th. Atlantic Securities upgraded shares of Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 price target for the company in a report on Monday, August 6th. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a report on Wednesday. Oppenheimer restated a “market perform” rating and issued a $42.00 price target on shares of Comcast in a report on Monday, September 24th. Finally, Credit Suisse Group assumed coverage on shares of Comcast in a report on Tuesday, July 10th. They issued a “neutral” rating and a $36.00 price target for the company. Nine investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $44.71.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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